Pakistan Petroleum Sales Plummet 3% Amid Higher Fuel Prices

Pakistan's petroleum product sales fell by 3% year-on-year in August 2026, driven down by a sharp decline in high-speed diesel demand amid higher fuel prices and monsoon-related disruptions. The country sold 1.26 million tonnes of petroleum products last month, according to AKD Securities.

High-speed diesel sales declined by 19% compared to the same period last year, while residual fuel oil (RFO) sales increased more than fivefold to 98,000 tonnes. This surge in RFO sales was attributed to constrained RLNG cargo availability amid the stalled US-Iran ceasefire, which redirected power-sector dispatch towards RFO.

Pakistan State Oil (PSO) recorded a 4% year-on-year increase in sales last month, but its market share rose to 45.2% from 42.1%. PSO's market share in motor spirit and high-speed diesel also increased to 46.6% and 47.2%, respectively.